Bottom in #EURUSD to happen in three to six months' time


Quotes from Danske Bank:
-We lowered our EUR/USD forecasts to 1.25 on 1M, 1.22 on 3M, 1.20 on 6M and 1.23 on 12M. We expect relative growth and monetary policy divergence to support a lower EUR/USD over the coming three months,although both valuation and positioning look stretched and admittedly increase the likelihood of a rebound.
-We now expect the bottom in EUR/USD to happen in three to six months' time in the range of 1.18/1.22. At that time, we expect euro-zone growth and inflation expectations to stabilise as the US recovery, ECB easing and EUR weakness should support the euro-zone's investments and exports.
Source: FxWire Pro

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